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Microphonics --OTC BB: MRPS-- Addresses Shareholders

29 March 1999

Microphonics --OTC BB: MRPS-- Addresses Shareholders

    NASHVILLE, Tenn.--March 26, 1999--In response to numerous shareholder requests regarding Microphonics (OTC BB: MRPS) 1998 financials, we would like to state that while not experiencing being a profitable year, revenue still enabled us to position ourselves for an exciting 1999.
    With regard to inquiries from our valued shareholders concerning future 1999 projections, we will keep our shareholders abreast of the factual information concerning Microphonics. We will not speculate as to exactly what the future may hold. The year 1999 certainly looks stable, productive, and profitable for Microphonics.
    Our existing contracts, that is those that are already in place with units being delivered on an ongoing basis, offer the stability that Microphonics is able to build on. Ford-U.S., F.M. Mafco, G.M. Blanket, and Ford-Europe, to name just a few, already assure Microphonics a profitable 1999.
    As new contracts are rapidly solidified, we will keep our shareholders well informed.